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20121027
20121104
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's katrina, ike, andrew, irene, they're all late august or early september storms where the vacation industrial was more vulnerable. right now, it will be interesting to see the tradeoff from staples into discretionary spending. getting into the holiday season. >> just looking at the trading today, when you look at exposed sectors like insurance, retail and construction, do you think we'll get the moves that you would assume or not? >> i'd be careful expecting too big a move here. partly because of volumes, as i mentioned earlier. it's unclear about how exposed these stocks are going to be. i think expect some mixed messages here throughout the day. >> we're seeing certainly the insurers hold up well. there's a sense they may benefit from firmer pricing next year, something households should be aware of, potentially facing higher premiums as a result of this. >> very difficult to pull a trade out of the storm today. >> just one thing about gasoline, it seems to have already moved slightly. anything on the energy side? >> i think if you go back to the past oil flash gasoline spikes re
activity. >> it will depend on what the damage actually is when we get through the process. katrina when it hit new orleans was one thing about a it was so devastating, it wiped out literally homes and roads and bridges and caused a mass amount of devastation, so a huge amount of rebuilding there. what's important here going forward is that you are going to get economic support from this at least in the short term. is there a lot of severe structural damage that has to be replaced. but about don't forget one thing, when you can to this type of activity, there is one negative impact of this longer term which is that you pull forward future activity. so money spent today that would have been spent potentially later on. so a short term boost for the economy and longer it term still the concerns of the overall weakness. >> especially when it comes to flood insurance, a lot of that comes from the federal coughers when they're under more scrutiny than ever. going into next year, do you expect this to change the tenor around government spending at all? >> well, that's kind of an interesting que
. it depends how much of a long term impact there have been. we can go back to katrina which was the largest destruction where the actual costs were around $150 billion. >> you can go to our website to find out why new york is looking a lot leak amsterdam fp has something to do with bicycles. and you can tune in tonight at 8:00 p.m. for hurricane sandy coming together, a benefit concert to aid victims of the storm. hosted by matt lauer. the concert will feature performances by bruce springsteen, sting, billy joel. good line up. money collected will be donated to the american red cross relief effort. >> it's final for the jobs report due out at 8:30 achl and it is the final set of numbers and the most important set of numbers before tuesday's presidential election. most forecasts expect a slight rise in the unemployment rate to 7.9%. nonfarm payrolls expected to have a slight pick up from september. has hurricane sandy mitigated the impact or is it a key indicator? >> certainly everyone's focusing elsewhere, certainly i think as soon as people get this number, the first question is what will
Search Results 0 to 2 of about 3

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